LatAm Daily | Mixed signs from the retail sales indicator in Brazil

Summary

In Brazil, core retail sales grew by 0.5% MoM in April, while the broad retail sales indicator contracted 1.4% MoM. Taking these figures into account, we expect private consumption to contribute negatively to growth in 2Q16, preventing GDP from growing positively. In Peru, MSCI ratified Peru's stock exchange (BVL) classification as an emerging market for equities.

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